TAM wins SAR 3.3 mln contract from Ministry of Tourism

21/08/2023 Argaam

TAM wins SAR 3.3 mln contract from Ministry of Tourism

Logo of TAM Development Co.  

TAM Development Co. received the latter of award for a project to provide consulting services for the tourism sector development from the Ministry of Tourism at a total value of SAR 3.27 million, inclusive of VAT.

 

The initial award was received on Aug. 17, while the company was notified of the final award on Aug. 19, TAM said in a statement to Tadawul, adding the agreement will be signed on Oct. 1.

 

The relevant financial impact is expected to show in Q4 2023 and Q1 2024.

 

There are no related parties to the deal, TAM added.

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